Bitcoin Archives - CoinCentral https://coincentral.com/news/bitcoin/ Your Bitcoin, Ethereum, and other Cryptocurrency HQ Mon, 07 Jul 2025 17:39:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://coincentral.com/wp-content/uploads/2025/02/cropped-CCIcon-32x32.png Bitcoin Archives - CoinCentral https://coincentral.com/news/bitcoin/ 32 32 Trump Slaps 25% Tariffs on Japan, South Korea as BTC Price Slips https://coincentral.com/trump-slaps-25-tariffs-on-japan-south-korea-as-btc-price-slips/ Mon, 07 Jul 2025 17:39:12 +0000 https://coincentral.com/?p=53668 TLDR President Donald Trump has announced a 25 percent tariff on goods imported from Japan and South Korea. The new tariffs are part of a broader strategy to address trade imbalances with key U.S. trading partners. The announcement triggered a sharp drop in Bitcoin’s price, which is now just above $108,000. Markets reacted quickly to [...]

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TLDR
  • President Donald Trump has announced a 25 percent tariff on goods imported from Japan and South Korea.
  • The new tariffs are part of a broader strategy to address trade imbalances with key U.S. trading partners.
  • The announcement triggered a sharp drop in Bitcoin’s price, which is now just above $108,000.
  • Markets reacted quickly to the tariffs as investors grew concerned about a possible escalation into a trade war.
  • Trump warned that additional countries, including India and the European Union could face higher tariffs if no trade deals are reached.

The United States has confirmed a 25% tariff on imports from Japan and South Korea, sparking immediate market reactions. President Donald Trump announced posts on Truth Social, emphasizing unfair trade practices. Meanwhile, Bitcoin faced renewed selling pressure as markets priced in escalating tensions before the July 9 trade deadline.

Tariffs Imposed Ahead of July 9 Deadline

Trump directed the new tariffs at Japan and South Korea after warning of trade imbalances in recent weeks. The administration argued that the U.S. continues to suffer due to unequal trade deals with both nations. Consequently, these tariffs are part of a broader plan to restore trade leverage before further negotiations.

The timing of the tariffs aligns with a key trade deadline that could involve more countries. Trump previously stated that nations without revised trade deals might face higher import duties. This includes India and the European Union, where talks have reportedly stalled.

While Japan and South Korea have responded diplomatically, further tariffs could disrupt economic ties. Both countries rely heavily on exports to the U.S. for sectors like electronics and automotive. Any retaliatory tariffs from these nations could escalate the conflict further.

BTC Falls Below Key Support as Tariffs Bite

Bitcoin’s price declined sharply following the tariff announcement, reacting to fears of broader economic instability. After a brief recovery in May, BTC is now trading just above the $108,000 level. The current drop marks a significant shift, as earlier optimism fades under renewed global trade pressure.

The BTC market had already shown signs of weakness in early July. Traders anticipated new tariffs ahead of the July 9 deadline, prompting early selling. As a result, prices temporarily dipped below $108,000 before stabilizing.

Trump’s trade actions continue to influence broader crypto sentiment. In April, Bitcoin plunged to $78,000 during the initial tariff wave, reflecting investor concern. Further tariffs may lead to sharper losses if global trade talks deteriorate.

 

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Elon Musk Backs Bitcoin for America Party, Criticizes US Dollar Policy https://coincentral.com/elon-musk-backs-bitcoin-for-america-party-criticizes-us-dollar-policy/ Mon, 07 Jul 2025 16:59:24 +0000 https://coincentral.com/?p=53647 TLDR Elon Musk has announced that his newly formed America Party will accept Bitcoin as a form of support. He stated that the US dollar is hopeless and signaled a shift toward cryptocurrency-backed politics. Tesla currently holds over 11,000 Bitcoins and remains a top corporate asset holder. Samson Mow encouraged Musk to resume Bitcoin payments [...]

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TLDR
  • Elon Musk has announced that his newly formed America Party will accept Bitcoin as a form of support.
  • He stated that the US dollar is hopeless and signaled a shift toward cryptocurrency-backed politics.
  • Tesla currently holds over 11,000 Bitcoins and remains a top corporate asset holder.
  • Samson Mow encouraged Musk to resume Bitcoin payments at Tesla and offer discounts through SpaceX.
  • Elon Musk criticized Donald Trump’s economic bill for increasing the national debt by trillions of dollars.

Elon Musk announced that his new political party, the America Party, will accept Bitcoin, calling the US dollar hopeless. The announcement followed a social media poll where over 1.24 million people voted, with the majority supporting the new party. Musk’s decision signals a direct challenge to traditional financial systems and existing political structures.

Elon Musk Renews Support for Bitcoin

Elon Musk confirmed that the America Party will support Bitcoin, aligning with his earlier endorsements of digital assets. Tesla, under Elon Musk’s leadership, previously purchased $1.5 billion in Bitcoin and holds 11,509 BTC. As of now, Tesla remains the ninth-largest publicly traded company with Bitcoin in its treasury.

Though Elon Musk had paused Bitcoin payments at Tesla due to environmental concerns, this new move renews his crypto stance. Supporters believe this shift could reshape public trust in digital currency, especially with political backing. Musk’s strategy may also influence how other parties approach cryptocurrency in national debates.

The announcement gained traction after Bitcoin advocate Samson Mow suggested Tesla resume Bitcoin payments. Mow also recommended that SpaceX offer Bitcoin-based discounts, tying Elon Musk’s companies more closely to the digital economy. These suggestions reinforce Musk’s long-standing influence over cryptocurrency markets and their direction.

Dogecoin’s Influence and Political Positioning

Elon Musk also holds influence over Dogecoin, a cryptocurrency that frequently responds to his public statements and social media posts. While he focused this time on Bitcoin, his past support for Dogecoin remains relevant within crypto circles. The markets have seen Dogecoin rise and fall following Elon Musk’s tweets, showing his continued impact.

Musk criticized Donald Trump’s recent “One Big Beautiful Bill,” arguing it would severely increase national debt and damage the economy. The disagreement further widened the rift between Elon Musk and Trump, especially as Musk moves to build a competing political platform. Trump, in response, warned that Musk’s America Party could divide Republican support during the 2026 midterms.

Elon Musk questioned the credibility of Trump’s fiscal promises while highlighting contradictions in his debt-reduction plans. He also stated that the current system fails to protect the country from financial mismanagement. These comments underline his reasons for launching a third party focused on economic reform.

America Party Goals and Public Response

Elon Musk framed the America Party as a necessary alternative to what he views as a one-party system dominated by corruption. He emphasized restoring economic responsibility and giving citizens more control over national decisions. The party’s use of Bitcoin reflects Musk’s rejection of fiat currency and desire for innovation.

The public reaction has been mixed, but many supporters believe Elon Musk could disrupt the political status quo. His businesses already influence technology and finance, and now he’s extending that impact into politics. With Bitcoin integration, the America Party introduces a new angle to digital policy platforms.

Elon Musk continues to push boundaries, blending political ambition with financial innovation in a way that few public figures have attempted. His leadership in Tesla and SpaceX now expands to national politics, guided by strong views on the future of money. The America Party, backed by Bitcoin, marks another chapter in Musk’s growing legacy.

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Robert Kiyosaki Says He Hopes Bitcoin Crashes to Buy More Cheap https://coincentral.com/robert-kiyosaki-says-he-hopes-bitcoin-crashes-to-buy-more-cheap/ Sat, 05 Jul 2025 23:17:46 +0000 https://coincentral.com/?p=53348 TLDR Robert Kiyosaki said he hopes Bitcoin crashes so he can buy more at a lower price. He believes warnings about a crash are meant to scare short-term investors. Kiyosaki remains confident in Bitcoin as a long-term hedge against inflation. He stated that he plans to increase his Bitcoin holdings during any major dip. Kiyosaki [...]

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TLDR
  • Robert Kiyosaki said he hopes Bitcoin crashes so he can buy more at a lower price.
  • He believes warnings about a crash are meant to scare short-term investors.
  • Kiyosaki remains confident in Bitcoin as a long-term hedge against inflation.
  • He stated that he plans to increase his Bitcoin holdings during any major dip.
  • Kiyosaki expects Bitcoin to reach one million dollars within the next decade.

Robert Kiyosaki has addressed current market fears with a surprising stance as Bitcoin’s price faces renewed pressure. Rather than show concern, the financial author said he is ready to increase his Bitcoin holdings if the price drops further. His statement aligns with his belief in Bitcoin as a long-term store of value, not a short-term trade.

Bitcoin’s recent price movement has sparked another round of speculation about a possible crash. However, Robert Kiyosaki remains firm in his position and views the downturn as an opportunity. He expects a market dip to allow him to acquire more Bitcoin at lower prices, which fits his overall investment strategy.

Kiyosaki shared his position in a recent post on X, where he criticized those who warn of a Bitcoin crash. He stated that such predictions aim to influence short-term holders rather than those with a long-term view. According to him, many of the warnings circulating are meant to drive fear and reduce participation.

Robert Kiyosaki Sees Crash as a Buying Opportunity

Robert Kiyosaki wants Bitcoin’s price to crash so he can buy more before it rises again. He emphasized that the warnings of a crash serve short-term narratives, not long-term analysis. While others pull back, Kiyosaki remains prepared to act if prices drop further.

BTC slipped 1.6% within 24 hours recently, moving from $110,000 to $108,280. Yet, this price shift did not change Kiyosaki’s confidence in the asset’s future value. He maintained that lower prices would allow him to increase his portfolio, not reduce exposure.

Robert Kiyosaki bought his first Bitcoin later than many investors, which he has openly acknowledged. Despite entering the market late, he has become one of Bitcoin’s vocal supporters over time. His investment plans remain unchanged, even when prices fluctuate sharply in the short term.

Long-Term Vision Aligns With Inflation Concerns

Robert Kiyosaki continues to cite inflation and fiat currency devaluation as core reasons behind his support for Bitcoin. He believes central bank policies contribute to a steady loss in the dollar’s purchasing power, which, he argues, validates his position on Bitcoin as a hedge against inflation.

His long-term forecast projects Bitcoin reaching $1 million in the next decade, though he said this target may be conservative. Kiyosaki also referenced Michael Saylor’s more aggressive estimates of $13 million to $21 million. These views reflect a growing belief in Bitcoin’s scarcity-driven future value.

Kiyosaki criticizes continuous money printing and emphasizes Bitcoin’s limited supply of 21 million coins. He warns that traditional currencies may lose further value due to ongoing economic interventions. Based on this outlook, he remains committed to accumulating more Bitcoin during market downturns.

 

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CZ Confirms Countries Adding Bitcoin Reserves Amid Bullish Pattern https://coincentral.com/cz-confirms-countries-adding-bitcoin-reserves-amid-bullish-pattern/ Sat, 05 Jul 2025 22:24:34 +0000 https://coincentral.com/?p=53346 TLDR   Multiple governments are beginning to build national Bitcoin reserves following the lead of the United States. The United States reportedly holds around 200,000 Bitcoin which has influenced other nations to act. Binance is helping countries set up Bitcoin reserves by advising them on wallet infrastructure and custody methods. Smaller countries are starting with [...]

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TLDR

 

  • Multiple governments are beginning to build national Bitcoin reserves following the lead of the United States.
  • The United States reportedly holds around 200,000 Bitcoin which has influenced other nations to act.
  • Binance is helping countries set up Bitcoin reserves by advising them on wallet infrastructure and custody methods.
  • Smaller countries are starting with multi-signature custodial solutions before moving to self-managed cold storage.
  • A breakout pattern in Bitcoin’s price chart mirrors the setup that led to the 2023 rally after the FTX collapse.

Growing interest from global governments in Bitcoin reserves aligns with a strong bullish chart pattern, pointing toward a possible rally. Binance founder Changpeng Zhao stated that multiple countries are now entering Bitcoin, citing the United States as a catalyst. His comments came during a closed-door session, with chart signals supporting the timing of their entry.

U.S. Bitcoin Holdings Push Countries to Act

Governments are reportedly initiating national Bitcoin reserve strategies, influenced by the U.S. holding an estimated 200,000 BTC. Zhao emphasized that this move by one of the largest economies has driven urgency among other nations. Countries are now seeking assistance to navigate the technical and security aspects of reserve setup.

Binance is actively advising countries on wallet infrastructure and crypto storage frameworks as they plan their reserve entries. Zhao explained that initial reserves are small, but the process is strategic and deliberate. He recommended that governments begin with multi-signature custodial systems before shifting to cold storage as holdings grow.

The exchange helps nations evaluate their internal technical capacity and advises on institutional-grade custody solutions for long-term management. It offers a phased approach to security, stressing the importance of layered safeguards. Zhao noted that many governments lack in-house expertise, making third-party support critical during early stages.

Bitcoin Breakout Pattern Repeats Historical Setup

A recent breakout pattern on Bitcoin’s chart resembles the 2023 rally that followed the FTX crash and market turmoil. Price action formed a horizontal accumulation before breaking above a key descending resistance trendline. The same pattern has now emerged in 2025, under similar macroeconomic stress.

In 2023, geopolitical tensions and monetary shifts triggered price compression, which led to a sharp move upward once resistance broke. Analysts highlight that this type of breakout historically signals a major reversal and extended rallies. The current chart structure is considered a technical confirmation of continued upward momentum.

Crypto Rover’s chart shows that Bitcoin responded similarly after global fears like trade wars and currency instability. The pattern reflects investor moves during uncertainty, where decentralized assets often become preferred stores of value. The trendline breakout suggests Bitcoin may now be targeting higher resistance zones.

With governments increasing crypto holdings and technical indicators aligning, market watchers are seeing convergence between institutional adoption and bullish signals. Bitcoin’s breakout under stress mirrors previous cycles where accumulation transitioned to rallies. This dual development may support broader market strength in the coming weeks.

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Are Dormant Bitcoin Whales Selling Ahead of Another Bull Market? https://coincentral.com/are-dormant-bitcoin-whales-selling-ahead-of-another-bull-market/ Sat, 05 Jul 2025 20:51:33 +0000 https://coincentral.com/?p=53342 TLDR Six dormant Bitcoin whale wallets from 2011 have suddenly become active in July 2025. Each of these wallets held 10,000 BTC and together moved $8.6 billion within a few hours. The sudden activity occurred as Bitcoin neared its all-time high price of $108,700. Experts believe whales may be taking profits after years of holding [...]

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TLDR
  • Six dormant Bitcoin whale wallets from 2011 have suddenly become active in July 2025.
  • Each of these wallets held 10,000 BTC and together moved $8.6 billion within a few hours.
  • The sudden activity occurred as Bitcoin neared its all-time high price of $108,700.
  • Experts believe whales may be taking profits after years of holding their assets.
  • Some analysts suggest that the movements are related to security updates or recovered access to wallets.

A wave of activity from dormant Bitcoin whale wallets marked the beginning of July, sparking renewed interest and market volatility. Six wallets, each holding 10,000 BTC since 2011, moved funds totaling $8.6 billion within hours. The transactions prompted immediate concern, triggering a brief consolidation in Bitcoin’s price as fear spread across the market.

These wallets had been inactive for nearly 14 years, making their movement highly unusual and significant for traders. Bitcoin traded around $108,700 during the wallet activity, representing a 137,179x profit from 2011 prices. Analysts noted the movement coincided with major crypto policy discussions and growing institutional interest.

Market participants quickly turned to speculation, debating the potential motives behind the transfers and their possible impact on future price trends.

Bitcoin Whales Sell as Prices Surge

As Bitcoin neared its all-time high, analysts suggested whales might be securing profits after over a decade of inactivity. The timing aligns with historical market behavior where long-term holders sell near major resistance levels. This explanation gained traction as prices hovered at historically high valuations.

Several experts linked the sell-off to increased institutional demand, suggesting whales may be seizing an opportunity to offload to larger buyers. Inflows into Bitcoin ETFs and traditional finance firms’ growing interest supported this theory. Thus, profit-taking appeared to be a rational move given the favorable market conditions.

Moreover, the scale and coordination of the transactions hint at planned exits rather than panic or distress-driven selling, further supporting theories of strategic liquidation. Traders interpreted this movement as a calculated action rather than random behavior.

Security Updates or Recovery Efforts

Some analysts pointed to the possibility of wallet owners recovering old seed phrases or modernizing their cold storage security. Rising crypto thefts and system updates have pushed many early holders to migrate funds for safety. As a result, this explanation gained ground among cybersecurity experts.

Test transactions using Bitcoin Cash before significant Bitcoin transfers to indicate preliminary security checks. This suggested deliberate planning, reinforcing the idea of recovered access or updated storage protocols. These minor moves often precede significant fund transfers during recovery operations.

Although less dramatic than sell-offs, security maintenance remains a valid reason for such large wallet movements. Long-term holders frequently prioritize safeguarding their assets as risks evolve. Hence, this could explain the awakening without implying any immediate market exit.

Government-Linked Theories and Identity Rumors

Rumors grew around government involvement in the whale activity following significant policy developments like the “Buy Beautiful Bill.” Observers connected the timing with increasing state interest in forming digital asset reserves. Speculation suggested dormant wallets were involved in facilitating these reserves.

Some pointed toward Roger Ver, given his early involvement in Bitcoin and recent legal developments. His release from a Spanish prison in June aligned with the wallet reactivation timeline. Analysts noted that the historical wallet data also matched his early Bitcoin purchases.

No official confirmation exists, yet the coincidence of events continues to draw attention. Whether orchestrated or coincidental, the wallet movements reflect changing dynamics in crypto ownership and influence. Their impact on market perception remains significant.

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Satoshi Owning XRP? Timeline Conflicts Make Ripple Claim Unlikely https://coincentral.com/satoshi-owning-xrp-timeline-conflicts-make-ripple-claim-unlikely/ Sat, 05 Jul 2025 20:20:30 +0000 https://coincentral.com/?p=53340 TLDR A 2023 court deposition involving Ripple CTO David Schwartz resurfaced in the crypto community. Schwartz reportedly mentioned that Satoshi Nakamoto probably held a large amount of XRP in 2017. The statement has caused division in the community with some supporting it and others disputing the claim. XRP was launched in 2012 while Satoshi disappeared [...]

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TLDR
  • A 2023 court deposition involving Ripple CTO David Schwartz resurfaced in the crypto community.
  • Schwartz reportedly mentioned that Satoshi Nakamoto probably held a large amount of XRP in 2017.
  • The statement has caused division in the community with some supporting it and others disputing the claim.
  • XRP was launched in 2012 while Satoshi disappeared from the crypto space by 2011.
  • There is no evidence that links Satoshi to XRP through blockchain data or transaction history.

A recent claim has stirred the crypto community after a 2023 deposition resurfaced, involving Ripple CTO David Schwartz. The court document allegedly indicated Satoshi Nakamoto may have held XRP, but clear evidence remains absent. Community members continue to debate the statement, yet discrepancies in dates and facts challenge the accuracy of this claim.

Ripple CTO’s Statement Raises Questions

During the 2023 Ripple vs. SEC lawsuit, David Schwartz responded to a question comparing XRP and Bitcoin. In his testimony, he referenced the anonymous Bitcoin founder, suggesting a possibility of XRP ownership. However, the use of uncertain language indicates it was speculative, not definitive.

The deposition has gained attention after crypto user XrpHodL_ shared a snippet on social media platform X. The snippet contains Schwartz’s comment, which sparked divided responses from the crypto space. While some saw it as a boost for Ripple, others quickly flagged inconsistencies.

The statement lacked supporting documents or transactional proof of Satoshi’s XRP involvement. Ripple launched XRP in 2012, while Satoshi vanished from the crypto world in 2011. This timeline mismatch undermines any suggestion that the Bitcoin founder interacted with the Ripple token.

Bitcoin Timeline Shows No XRP Involvement

Satoshi Nakamoto remained active from 2008 to 2010 before exiting without moving any of the early Bitcoin holdings. These coins, sitting untouched, have been tracked by blockchain analysts for years and have no association with XRP. Ripple’s XRP ledger, developed after Nakamoto’s disappearance, has no on-chain data linking to him.

Moreover, no digital signature or address attributed to Satoshi appears in XRP-related activity or transactions. Researchers reviewing the Bitcoin founder’s known behavior find no pattern suggesting cross-chain interest. Instead, Nakamoto maintained a narrow focus on Bitcoin and its core principles.

The lack of technical overlap between early Bitcoin and Ripple developments supports the separation of the two systems. XRP’s codebase and ledger differ significantly from Bitcoin’s blockchain and mining model, reducing any likelihood of Satoshi using a shared wallet or holding cross-assets.

Speculation Misreads Courtroom Context

The context of Schwartz’s comment suggests it was likely hypothetical, made in response to a courtroom line of questioning. Legal language often includes conditional phrases like “probably,” which signal speculation rather than confirmed knowledge. These words cannot be taken as legal proof or technical validation.

Further, Schwartz has consistently denied rumors about being Satoshi or having inside knowledge of his holdings. His testimony focused on asset comparison rather than revealing hidden historical facts. Thus, the claim lacks substance and contradicts Ripple’s official positions.

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Experts Debate If US Should Nationalize Firms for Bitcoin Reserve Plan https://coincentral.com/experts-debate-if-us-should-nationalize-firms-for-bitcoin-reserve-plan/ Sat, 05 Jul 2025 17:38:48 +0000 https://coincentral.com/?p=53317 TLDR Financial experts are debating whether the United States should nationalize companies to build a strategic Bitcoin Reserve. Texas has already signed a law to create its own state-level Bitcoin Reserve. Lyn Alden warned that nationalizing firms could harm investor trust and economic credibility. Max Keiser argued that a national Bitcoin Reserve is vital for [...]

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TLDR
  • Financial experts are debating whether the United States should nationalize companies to build a strategic Bitcoin Reserve.
  • Texas has already signed a law to create its own state-level Bitcoin Reserve.
  • Lyn Alden warned that nationalizing firms could harm investor trust and economic credibility.
  • Max Keiser argued that a national Bitcoin Reserve is vital for future national security.
  • Willy Woo proposed selling gold reserves and acquiring Bitcoin through firm nationalization during bear markets.

Growing interest in Bitcoin Reserve strategies has sparked debate among financial analysts, policymakers, and cryptocurrency advocates worldwide. Recent discussions suggest the United States might consider nationalizing private firms to secure a strategic Bitcoin Reserve. This proposal has triggered divided responses among leading financial experts, pointing to potential risks and geopolitical motives.

Bitcoin Reserve Push Gains Momentum

Strategic use of digital assets has entered public discourse, especially as some states explore legislation supporting a Bitcoin Reserve. Texas recently enacted a law establishing a state-level BTC Reserve, signaling a new shift in policy thinking. As more states join, federal interest in similar measures may increase due to growing economic pressures.

Supporters of the nationalization approach argue it could allow the US to secure large Bitcoin holdings before rival nations act quickly. Russia and China’s possible Bitcoin accumulation has raised concerns about the US falling behind in digital asset control. Some believe owning a national Bitcoin Reserve could become vital to future financial stability.

However, others warn against aggressive moves like nationalizing firms that hold Bitcoin, including MicroStrategy and Riot Blockchain. Analysts fear such actions could disrupt capital markets and undermine trust in American institutions. The potential fallout may impact investment decisions and broader economic relationships globally.

Experts Debate Nationalization Scenario

Financial strategist Lyn Alden raised concerns that nationalizing Bitcoin firms could damage the US’s reputation for respecting property rights. She emphasized that forced asset seizures might deter both domestic and international investors. According to her, this could cause long-term harm to the nation’s financial image.

Cryptocurrency advocate Max Keiser offered a contrasting viewpoint by suggesting a Bitcoin Reserve is crucial for national security. He argued that global players acquiring 1 million BTC might force the US to act aggressively. Keiser described this scenario as the beginning of a worldwide “Hash War” over Bitcoin dominance.

Willy Woo outlined a proposed roadmap for the US to build a Bitcoin Reserve by revaluing gold reserves and using the capital for Bitcoin. He also recommended nationalizing major firms during bearish markets to minimize costs. Woo framed this strategy as defensive, responding to rising geopolitical and financial threats.

National Strategy Still Unclear

Despite ongoing debate, no formal policy exists supporting nationalization for building a Bitcoin Reserve in the US. Still, discussions among influential figures suggest the idea has gained more serious consideration. As states like Texas move forward, the national government might explore broader strategies.

This debate reflects shifting views on the role of cryptocurrency in global finance and national defense. Analysts believe that even without nationalization, the idea of a US BTC Reserve is gaining traction. Whether this becomes a long-term strategy depends on market trends and international developments.

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Novogratz Calls Dalio’s Debt Warning a Bullish Signal for Bitcoin https://coincentral.com/novogratz-calls-dalios-debt-warning-a-bullish-signal-for-bitcoin/ Fri, 04 Jul 2025 18:45:41 +0000 https://coincentral.com/?p=53191 TLDR Mike Novogratz believes the growing U.S. debt problem is a strong bullish case for Bitcoin. He also supports gold and stocks as valuable assets during ongoing fiscal instability. Ray Dalio expressed concern over the national debt but prefers gold over Bitcoin due to privacy and security issues. Novogratz expects Bitcoin to outperform gold in [...]

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TLDR
  • Mike Novogratz believes the growing U.S. debt problem is a strong bullish case for Bitcoin.
  • He also supports gold and stocks as valuable assets during ongoing fiscal instability.
  • Ray Dalio expressed concern over the national debt but prefers gold over Bitcoin due to privacy and security issues.
  • Novogratz expects Bitcoin to outperform gold in market capitalization by the end of the decade.
  • He argues that political gridlock will likely prevent any real solution to the rising national debt.

Hedge fund manager Mike Novogratz linked Ray Dalio’s national debt warning to rising long-term value for Bitcoin (BTC) and gold. He emphasized that mounting fiscal concerns in the U.S. could increase demand for hard assets and scarce stores of value. Despite elevated stock valuations, he also supported equities, highlighting broader risk concerns rooted in economic policy.

Bitcoin Gains From Fiscal Instability Concerns

Novogratz viewed the U.S. debt problem as a strong driver for Bitcoin demand in the coming years. He maintained that persistent government spending and rising liabilities made decentralized assets increasingly attractive. While Dalio voiced concern over Bitcoin’s limitations, Novogratz highlighted its potential for growth.

Dalio acknowledged owning Bitcoin but favored gold due to privacy and security considerations. However, Novogratz remained optimistic about Bitcoin surpassing gold in market cap by decade’s end. He suggested that worsening debt dynamics may push investors toward alternative stores of value like Bitcoin.

Although Dalio believes political pressures hinder real debt reform, Novogratz saw this gridlock as bullish for digital currencies. With no clear solution in sight, Bitcoin could benefit from long-term instability. Novogratz asserted that Bitcoin’s limited supply remains a key strength against fiscal mismanagement.

Gold and Equities Also Draw Optimism

Alongside Bitcoin, Novogratz saw long-term potential in gold due to its established role in turbulent financial conditions. He echoed concerns about the U.S. debt trajectory but considered gold more secure in traditional portfolios. Dalio shared this stance, assigning gold more weight than Bitcoin.

Novogratz also maintained confidence in equities, despite their high valuations and looming macroeconomic risks. He stressed that market optimism may persist even as imbalances grow. Investors may continue favoring assets like tech stocks amid fiscal expansion.

He singled out Elon Musk and Treasury Secretary Scott Bessent as rare voices advocating for fiscal control. However, political alignment overrode economic logic, as lawmakers ignored Musk’s opposition to debt-heavy policies. Novogratz believed this political behavior amplified asset price momentum further.

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Bitcoin Whale Moves $8.69B After 14 Years, Sparks Market Speculation https://coincentral.com/bitcoin-whale-moves-8-69b-after-14-years-sparks-market-speculation/ Fri, 04 Jul 2025 18:29:17 +0000 https://coincentral.com/?p=53183 TLDR A Bitcoin Whale moved 80,009 BTC worth $8.69 billion after remaining dormant for over 14 years. The whale originally acquired the Bitcoin in 2011 when the price was just $0.78 per coin. The BTC was split into two transactions of 40,000 BTC each, sent to different new wallets. Analysts believe the whale is forming [...]

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TLDR
  • A Bitcoin Whale moved 80,009 BTC worth $8.69 billion after remaining dormant for over 14 years.
  • The whale originally acquired the Bitcoin in 2011 when the price was just $0.78 per coin.
  • The BTC was split into two transactions of 40,000 BTC each, sent to different new wallets.
  • Analysts believe the whale is forming a Bitcoin treasury rather than preparing for a sell-off.
  • Glassnode reported that 14.7 million BTC are currently held by long-term holders across the network.

A Bitcoin Whale moved 80,009 BTC worth $8.69 billion after over 14 years of dormancy, creating significant market interest. This transfer took place as Bitcoin traded around $109,000, adding pressure on price expectations. Market participants are now focused on potential implications, including holding strategies or major sell-offs.

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A Bitcoin Whale who acquired tokens in 2011 moved them to two different wallets in rapid succession. According to BitInfoCharts data, the whale initially held BTC in wallet NY8gD… and transferred 40,000 BTC to address TSmxj… The second transfer, made shortly after, moved the remaining 40,000 BTC to wallet ECyqH…

The Bitcoin Whale originally purchased the 80,009 BTC when Bitcoin was priced at $0.78, spending just $7,805. Today, that holding is worth over $8.69 billion, making it one of the most profitable BTC positions in history. The move occurred as Bitcoin touched the $108,000 mark, intensifying speculation across the crypto community.

This sudden activity revived interest in long-dormant accounts known for their potential market impact. Historical patterns indicate such moves often trigger discussions about market direction, especially during price peaks. Analysts continue to track these addresses for further signals.

Analysts Expect Holding, Not Selling

Crypto analysts suggest the Bitcoin Whale is forming a treasury rather than preparing for a sell-off. Market data supports this theory as past whale moves during price peaks have resulted in continued holding. This wallet could be used for yield generation or long-term positioning.

Glassnode noted that many long-term holders bought their Bitcoin at recent highs, indicating reduced selling risk. These holders tend to stay firm unless major shifts in regulation or market structure occur. Current data shows 14.7 million BTC are held by long-term addresses, limiting the downside potential.

Analysts also mentioned the whale’s activity aligns with similar cases of strategic repositioning. Movement without exchange deposits often signals internal transfers or treasury management. As the Bitcoin Whale has yet to engage with an exchange, selling pressure appears limited.

ETF Inflows and Political Signals Support Stability

Bitcoin ETF inflows remain strong, with $601 million added on July 3. Fidelity’s FBTC led the day with $237 million, while BlackRock’s IBIT followed with $222 million. IBIT now holds nearly 700,000 BTC, reinforcing institutional support for Bitcoin.

These inflows reflect continued interest from major institutions despite the whale’s movement. Market observers view ETF growth as a stabilizing factor amid potential volatility. Increasing ETF demand coincides with long-term holders’ confidence in Bitcoin’s future trajectory.

Additionally, U.S. political developments may be encouraging whales to hold rather than exit. The approval of crypto-related bills is signaling favorable conditions. Combined with strong ETF inflows, the Bitcoin Whale’s activity may be part of a broader accumulation trend.

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Fidelity and BlackRock Drive $1B Surge in Bitcoin ETF Investments https://coincentral.com/fidelity-and-blackrock-drive-1b-surge-in-bitcoin-etf-investments/ Fri, 04 Jul 2025 12:59:41 +0000 https://coincentral.com/?p=53100 TLDR US spot Bitcoin ETFs recorded over $1 billion in net inflows on Wednesday and Thursday combined. The rebound followed a brief outflow of $342.2 million on Tuesday, breaking a positive streak. Fidelity’s FBTC led inflows on both days, adding $184 million and $237.1 million, respectively. BlackRock’s IBIT experienced two days of zero flows but [...]

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TLDR
  • US spot Bitcoin ETFs recorded over $1 billion in net inflows on Wednesday and Thursday combined.
  • The rebound followed a brief outflow of $342.2 million on Tuesday, breaking a positive streak.
  • Fidelity’s FBTC led inflows on both days, adding $184 million and $237.1 million, respectively.
  • BlackRock’s IBIT experienced two days of zero flows but returned strong on Thursday, with $224.5 million in inflows.
  • Bitcoin ETF trading volume reached $5.3 billion on Thursday, with IBIT alone contributing $4.1 billion.

Bitcoin ETFs in the U.S. market rebounded sharply this week, recording $1.01 billion in net inflows over two days. This followed a temporary outflow of $342.2 million on Tuesday that briefly disrupted recent momentum. The rapid recovery restored confidence among market participants and pushed total net inflows near the $50 billion mark.

Farside Investors reported that Wednesday saw $407.8 million in net inflows, followed by $601.8 million on Thursday. The rise in inflows brought cumulative volumes close to June’s positive trend. The renewed demand for Bitcoin ETFs also reflected broader sentiment toward digital asset investment vehicles.

Daily trading volume for Bitcoin ETFs reached $5.3 billion on Thursday, the highest since May. That day, BlackRock’s IBIT fund alone contributed $4.1 billion in trading volume. These numbers underline the growing role of Bitcoin ETFs in institutional and retail portfolios.

Fidelity FBTC Leads Bitcoin ETF Inflows

Fidelity’s FBTC ETF recorded the highest inflows on both days, adding $184 million on Wednesday and $237.1 million on Thursday. The fund has steadily grown its share among Bitcoin ETFs, drawing consistent attention from investors seeking reliable exposure. Its strong performance continues to strengthen its position in the competitive ETF landscape.

This performance followed a broader June trend that saw Bitcoin ETFs collect $4.7 billion over 15 consecutive trading days. FBTC, along with BlackRock’s IBIT, has become one of the primary drivers of that surge. Its ability to maintain daily inflows reflects investor trust in its structure and management.

FBTC’s back-to-back gains demonstrate that demand for Bitcoin ETFs remains high despite short-term volatility. The fund’s recent strength comes as other products momentarily paused inflows. Market analysts expect FBTC to maintain momentum if broader crypto optimism continues.

BlackRock’s IBIT Rebounds After Short Pause

BlackRock’s IBIT, the largest Bitcoin ETF by assets, recorded no inflows for two days before adding $224.5 million on Thursday. These two zero-inflow days marked its first pause since April but were quickly offset by Thursday’s volume. IBIT now manages $73.6 billion in assets under management.

IBIT has emerged as BlackRock’s third-highest revenue-generating ETF out of 1,197 products. Bloomberg analysts said it is just $9 billion away from becoming BlackRock’s top revenue ETF. This milestone highlights IBIT’s dominant position among all Bitcoin ETFs.

IBIT also captured 81% of June’s Bitcoin ETF inflows, showing its stronghold on investor preference. As more institutions adopt Bitcoin ETFs, IBIT’s role continues to grow. IBIT’s trading activity remains a key barometer for crypto fund performance.

Altcoin ETFs Await SEC Approval

Analysts have increased the likelihood of SEC approval for Solana, XRP, and Litecoin spot ETFs to 95% this year. They also forecast a crypto index ETF tracking multiple assets could receive approval in the coming days. Expectations remain strong for additional altcoin ETF approvals by year-end.

Tokens such as Dogecoin and Cardano now carry a 90% approval probability for upcoming spot ETFs. However, analysts rate Sui and Tron lower, with 60% and 50% odds, respectively.

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